So during 2021, we faced continuing challenges from operating in an environment impacted by the unprecedented COVID-19 pandemic. With that, I will turn the call over to Lasse. Certain risk factors inherent in our business are set forth in our earnings release and in filings with the SEC, including our 2020 Form 10-K and subsequent filings.ĭuring this call, we also refer to certain non-GAAP financial measures, including adjusted EBITDA, which are explained in the net income to adjusted EBITDA reconciliation attached to our earnings release and posted on our Investor Relations website, along with certain other operating data. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from our expectations. Following their comments, there will be an opportunity for questions.ĭuring this call, we will make certain forward-looking statements to help you understand our business. Lasse will conclude with an update on the outlook for the business and market. Lasse will provide an update on the events of the quarter and the year, then Scott will continue with an update on our financial results for the quarter and the year. Joining me on the call this morning is our President and Chief Executive Officer, Lasse Petterson and our Chief Financial Officer, Scott Kornblau. Good morning and welcome to our fourth quarter conference call. I would now like to hand the conference over to your speaker today, Ms. Please be advised that today’s conference is being recorded. After the speaker’s presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Welcome to the Great Lakes Q4 and Full Year 2021 Earnings Conference Call. Lasse Petterson - President & Chief Executive Officer Tina Baginskis - Director of Investor Relations The contractor estimates that all equipment will be transported out of the area by truck over the next two weeks.Great Lakes Dredge & Dock Corporation ( NASDAQ: GLDD) Q4 2021 Earnings Conference Call Febru10:00 AM ET will remove the landing point, the shore pipes and the equipment from the beach and store the equipment in the designated staging area near the Buxton beach access. Over the coming days, Great Lakes Dredge & Dock Co. This volume is equivalent to 44 percent of the total project volume. During nearly 20 days of working in Buxton, the dredge was able to place about 532,000 cubic yards of sand. The second dredge, Liberty Island, started pumping sand in Buxton on Jafter completing the Avon beach nourishment project. This volume is equivalent to about 56 percent of the total project volume. The Ellis Island worked in Buxton for a total of 17 days (from June 30 to July 8, and from August 2 to August 9, 2022) and placed about 668,000 cubic yards of sand along the shoreline. used America’s largest dredge, the Ellis Island, to begin the Buxton project June 30, 2022. The total contract volume of 1.2 million cubic yards was completed after about 50 days of construction. The dredge Liberty Island delivered the last load about 1.2 miles north of the northern boundary of the Buxton village. announced on Augthat the last load of sand for the Buxton beach nourishment project was placed at about 7 p.m.
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